Maritime News

2019 Prospects are Rosy for the Handy Supramax Bulker Segment

The future prospects of the Handy Supramax bulker segment appear to be more than favorable as we enter 2019 perhaps even more than their larger siblings of the dry bulk market segment. This despite the fact that demolitions have slowed down over the past couple of years. In a recent research note shipbroker Banchero Costa said that according to our calculations the current trading fleet including units inlay up and under repair of Handy & Supra bulkers between 20000 64999 dwt consists of 5655 units equivalent to about 257.9 million dwt as of November 2018. In the first 10 months of 2018 we recorded the delivery of 130 units for a total of 6.4 mln dwt between 2000064999 dwt down 48 percent in dwt terms compared to the same period in 2017. This included 61 units between 6000064999 dwt 57 units between 3000039999 dwt 5 units between 5000059999 dwt 6 units between 2000029999 dwt and 1 unit of 43000 dwt. After assuming delivery slippages 2018 deliveries are expected at 7 to 8 mln dwt.